Stamp act
K. Santosh
(Querist) 12 March 2013
This query is : Resolved
A and B are two companies and wants to execute Service Agreement whereat A is a service provide having its registered office at Gujarat and B is hirer having its registered office at hyderabad. A has purchased 100 Rupees stamp paper in tamil nadu and taken the printout of this service agreement on its and both the parties have the appended their signature on its.
Now my query is :-
The parties resides in gujrat and hyderabad and the parties execute the service agrement on the stamp paper of tamil nadu. can you do it or not? if yes under which provision of stamp act and also want to known any legal impact on this transaction?
ajay sethi
(Expert) 12 March 2013
companies can afford legal fees
prabhakar singh
(Expert) 12 March 2013
LET HIM ALSO HAVE FREE BUYS MR.SETHI!
prabhakar singh
(Expert) 12 March 2013
bUT UNFORTUNATELY THE QUERY IS SO POORLY DRAFTED THAT ANY OF MY EFFORT CAN NOT RESOLVE IT.
M V Gupta
(Expert) 13 March 2013
The general principle is that a document should be stamped with the stamps of the State in which it is executed. Place of residence or business of the parties is not relevant. If the document in question was executed in Tamilnadu, use of TN stamps is OK. For the provisions of law, pl see the stamp Act of the relevant state.
